The Solana-based meme coin, Dogwifhat (WIF), continues its outstanding upward trajectory, getting into the highest 30 cryptocurrencies by market cap.
This achievement follows every week of extraordinary progress, propelling WIF to safe its place as one of many high three meme cash, trailing behind Dogecoin and Shiba Inu.
Dogwifhat Enters High 30 Cryptos
Up to now 24 hours, WIF noticed a notable surge, leaping over 7% to succeed in $4.68, pushing its market cap to $4.48 billion. This milestone propelled the meme coin to the twenty ninth place amongst cryptocurrencies by market capitalization, surpassing Ethereum’s Layer 2 community Arbitrum’s $4.39 billion and carefully trailing Cosmos at $4.8 billion.
This marks one other important milestone within the meme coin’s journey because the begin of the yr. Certainly, Dogwifhat is a comparatively latest addition to the meme coin scene launched on the Solana ecosystem final yr.
Regardless of its new standing, it has carved out a spot within the fiercely aggressive crypto business, rating among the many high 20 cryptos by buying and selling quantity.
Learn extra: 13 Greatest Solana Meme Cash to Watch in 2024
Impressively, over 100,000 wallets at the moment hold WIF, with the biggest holder exhibiting no inclination to promote regardless of its speedy surge in worth. Certainly, a pockets holds a considerable $139.5 million in WIF tokens, acquired at a mean price of $0.32, at the moment reflecting an unrealized revenue of $127.3 million.
Market analysts predict continued progress for the Dogwifhat. Asad, Cryptonary’s Chief Meme Officer, foresees WIF’s worth reaching $100, citing a number of bullish market indicators.
He highlights the crypto market’s readiness for substantial capital inflows, surpassing earlier cycles, which may propel Bitcoin to all-time highs and quadruple Solana’s worth.
“WIF is paving a highway towards $100 [because] BTC has barely damaged its all-time excessive, and SOL has about four-times from right here. Moreover, the meme cash snowball impact will not be slowing [and] extra capital getting into crypto than any earlier cycles,” Asad explained.
Learn extra: 7 Scorching Meme Cash and Altcoins which are Trending in 2024
Furthermore, amidst ongoing macroeconomic uncertainties and upcoming US presidential elections, the crypto market reveals promise for substantial positive factors. Asad emphasizes that even when main cryptocurrencies triple from their present ranges, WIF is positioned for a powerful 10x surge.
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